FXCM Trading Station and MetaTrader 4
In a press release today FXCM have announced that:
Its U.K. subsidiaries, Forex Capital Markets Limited and FXCM Securities Limited, [have] entered into a settlement with the Financial Conduct Authority (“FCA”). The settlement addresses trade execution practices concerning the handling of price improvements on FXCM UK’s offsetting orders from August 2006 – December 2010.
In a news release yesterday FXCM announced that:
Its U.S. subsidiary Forex Capital Markets LLC has agreed to assume the forex accounts of Alpari US LLC.
On Friday, September 27, 2013, accepted Alpari U.S. accounts will be transferred to FXCM U.S. after the close of trading.
MultiCharts have just announced on their blog that they have introduced what they describe as:
The BEST currently available free trading software.
The MultiCharts hype machine goes on to say that:
Filed under Trading Platforms by
At last we know the answer to the questions posed by FXCM themselves back in August following settlement of charges brought by the NFA, when they revealed that:
FXCM has set aside a $16 million reserve for the…. anticipated CFTC settlement.
Yet again the CFTC have simultaneously:
According to Michael Greenberg over at ForexMagnates his:
Sources reveal that Gain Capital is about to seal the deal with Interbank FX. No information is yet known and neither company confirmed the information – naturally because Gain is a public company. More details are expected soon.
We have speculated here on the likelihood of continuing consolidation in the retail forex "industry", particularly following the IPOs of GAIN and FXCM. No doubt the trend will continue for a while yet in the wake of regulatory changes, not to mention the activities of those regulators' lawyers! In all the circumstances it's an interesting coincidence that we mentioned IBFX in passing only this morning. Assuming that the acquisition goes ahead as Michael suggests, perhaps Forex.com will eventually start marketing EAs that don't work terribly well to their customers too? They do operate a dealing desk after all!